EntryPoint Capital LLC Buys 470 Shares of Southern Copper Co. (NYSE:SCCO)

EntryPoint Capital LLC boosted its stake in Southern Copper Co. (NYSE:SCCO) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,198 shares of the basic materials company’s stock after acquiring an additional 470 shares during the period. EntryPoint Capital LLC’s holdings in Southern Copper were worth $383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its stake in shares of Southern Copper by 2.0% in the 3rd quarter. Pathstone Holdings LLC now owns 12,523 shares of the basic materials company’s stock valued at $1,448,000 after purchasing an additional 247 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Southern Copper by 4.8% during the third quarter. PNC Financial Services Group Inc. now owns 16,955 shares of the basic materials company’s stock valued at $1,961,000 after acquiring an additional 778 shares during the last quarter. Citigroup Inc. grew its holdings in Southern Copper by 3.3% during the 3rd quarter. Citigroup Inc. now owns 199,978 shares of the basic materials company’s stock worth $23,131,000 after acquiring an additional 6,436 shares during the period. Cerity Partners LLC raised its position in shares of Southern Copper by 30.9% in the 3rd quarter. Cerity Partners LLC now owns 13,516 shares of the basic materials company’s stock worth $1,563,000 after acquiring an additional 3,193 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Southern Copper by 578.3% in the 3rd quarter. Larson Financial Group LLC now owns 407 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 347 shares during the period. Institutional investors and hedge funds own 7.94% of the company’s stock.

Analyst Ratings Changes

SCCO has been the subject of a number of research analyst reports. UBS Group upgraded Southern Copper from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a report on Thursday, March 13th. Scotiabank lifted their price objective on shares of Southern Copper from $52.00 to $72.00 and gave the company a “sector underperform” rating in a research note on Monday, March 10th. JPMorgan Chase & Co. raised shares of Southern Copper from an “underweight” rating to a “neutral” rating and set a $92.50 target price on the stock in a research note on Monday, December 2nd. Finally, Morgan Stanley raised shares of Southern Copper from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $106.30 to $102.00 in a research note on Thursday, December 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $94.42.

Southern Copper Stock Performance

SCCO opened at $97.69 on Thursday. Southern Copper Co. has a 1-year low of $84.33 and a 1-year high of $127.34. The company has a market cap of $77.78 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.90 and a beta of 1.12. The company’s fifty day moving average price is $94.50 and its two-hundred day moving average price is $100.68. The company has a current ratio of 2.77, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

Southern Copper (NYSE:SCCO) last posted its earnings results on Wednesday, February 12th. The basic materials company reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). Southern Copper had a return on equity of 40.27% and a net margin of 29.53%. On average, analysts expect that Southern Copper Co. will post 4.66 EPS for the current fiscal year.

Southern Copper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from Southern Copper’s previous quarterly dividend of $0.60. Southern Copper’s dividend payout ratio (DPR) is currently 64.81%.

Southern Copper Profile

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Ecuador, and Chile. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc, copper, molybdenum, silver, gold, and lead.